This page reflects MMS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — MMS
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $60.00 (4.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$1.72
±3.1%
Days to Expiry
15
Calendar days
Total Call OI
127
Nearest expiry
Total Put OI
101
Nearest expiry
P/C OI Ratio
0.80
Put-heavy
Spot Price
$55.75
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$70.00
5/15/2026, 11:24:41 PM
2026-06-18
$55.00
6/18/2026, 11:22:32 PM
2026-07-17NextUpdated
$60.00
7/3/2026, 11:21:18 PM
2026-08-21
$45.00
7/3/2026, 11:21:18 PM
2026-10-16
$75.00
7/3/2026, 11:21:18 PM
2027-01-15
$60.00
7/3/2026, 11:21:18 PM
Selected expiration: 2026-07-17 at max pain $60.00.
MMS pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
149000
149000
45
0
105000
105000
50
0
61500
61500
55
0
34000
34000
60
0
11500
11500
65
6000
8000
14000
70
14500
5000
19500
75
36000
3000
39000
80
60000
1500
61500
85
93500
1000
94500
90
127000
500
127500
95
166500
0
166500
100
213500
0
213500
105
261500
0
261500
110
314500
0
314500
115
372500
0
372500
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.